Elastography Imaging Market Size, Share & Trends Analysis Report By End Use (ASCs, Hospitals), By Application (Radiology, Cardiology), By Modality (Magnetic Resonance, Ultrasound), And Segment Forecasts, 2019 - 2026

Report Overview

The global elastography imaging market size was estimated at USD 1.9 billion in 2018 and is anticipated to expand at a CAGR of 7.8% by 2026. Rising incidence of chronic liver and breast cancer and increasing demand for advanced diagnostic techniques are some of the major market drivers. High preference for minimally or non-invasive surgical procedures is also expected to fuel the market during the forecast period.

The elastography technique is gaining popularity and acceptance by patients as well as doctors, largely due to its non-invasive nature and accurate assessment of tissue mechanical properties. Advanced elastography systems provide detailed quantitative as well as qualitative diagnosis. Increasing demand for advanced diagnostic techniques in developing countries is expected to replace traditional ultrasound techniques with elastography, giving the market a major boost.

横波弹性成像提供了大量的advantages over other diagnostic techniques. The technique helps reduce the need for biopsy in various breast conditions. It is widely used to assess liver conditions before and after transplantation and monitor the degree of liver cirrhosis. Increasing incidence of breast and liver conditions is expected to boost demand for elastography systems.

Elastography has potential applications in the early detection of tumors. It can be used effectively to accurately detect tiny nodules in glands. This is expected to increase the adoption of elastography in preventive healthcare.

An increasing number of ongoing studies to assess potential applications of elastography is expected to fuel the market during the forecast period. A large number of these studies include ophthalmic applications such as analysis of oculomotor muscles and assessment of mechanical properties of the cornea.

Modality Insights

The ultrasound segment holds the dominant share owing to benefits such as affordability, short turnaround time, and easy availability. Ultrasound elastography is gradually replacing conventional ultrasound devices used for organ assessment and biopsy procedures.

The magnetic resonance segment is expected to grow at the fastest rate from 2019 to 2026 owing to its non-invasive nature. This modality is emerging as the most preferred technique to diagnose liver diseases. Increasing adoption of magnetic resonance elastography due to its accurate results and painless procedure is contributing toward the growth of this segment. Magnetic resonance elastography is an effective tool used for the diagnosis of advanced liver fibrosis. Hence, MRE helps to gauge the severity of liver disease and thus helps in determining the proper course of treatment.

Application insights

放射学段预计领导elastography imaging market in the forthcoming years owing to increasing use of elastography in radiology ultrasound and image-guided radiotherapy. General imaging applications of radiology comprise cancer diagnosis and/or treatment, abdominal ailments, and injuries of soft tissue.

Easy availability of elastography systems on a global scale is expected to augment demand for these systems. Furthermore, increasing cases of different types of cancers, especially breast cancer, is expected to boost demand for radiology treatment during the forecast period.

Cardiology is also expected to grow considerably over the course of the forecast period owing to rising incidences of cardiac disorder cases on a global scale. Moreover, increasing disposable income of consumers and improving healthcare facilities in emerging economies is anticipated to boost segment growth.

The obstetrics segment is expected to witness low to limited growth due to strict government regulations pertaining to the use of obstetric ultrasound devices. This could threaten market growth. However, growing incidences of prostate cancer and rising cases of vascular disorders are expected to give the market for urology and vascular lucrative opportunities for growth.

End-use Insights

The hospital segment holds the dominant share in the market owing to the increasing number of ultrasound andMRI-based elastography surgeries. Moreover, an increasing number of cancer cases are expected to contribute toward the growth of the segment.

Increasing adoption of non-invasive surgical and diagnostic procedures in these facilities by professionals is expected to drive the segment during the forecasted period. In addition, the growing adoption of automation among surgeons and other specialists is anticipated to augment demand for these systems in different hospital settings.

The rising number of image-guided surgeries operated inambulatory surgical centersis expected to drive the segment. An increase in the number of emergency cases is also fueling the adoption of elastography imaging in these settings.

Regional Insights

北美预计持有最大的年代hare in the elastography imaging market during the forecast period owing to the presence of a large number of global players in the region. Moreover, increasing efforts by manufacturers for commercialization and growing importance among end-users for the use of these systems in different countries is driving the regional market.

High healthcare expenditure in most developed countries in Europe is driving the market. In addition, rising government initiatives for cancer screening, including the use of ultrasound devices with elastography, is contributing to market growth.

亚太地区预计也将见证gr稳定owth over the forecast period. Increasing geriatric population, improving healthcare services, and rapid economic growth are factors expected to drive the regional market. Growth in Asia Pacific is majorly contributed by economies such as India, Japan, and China due to the speedy expansion of healthcare facilities. Furthermore, increasing awareness among the public concerning the therapeutic potential of ultrasound technologies and accurate and speedy results provided by these devices is contributing to the regional market.

Elastography Imaging Market Share Insights

Major players profiled in the market include Canon Medical Systems Corporation; Esaote SpA; FUJIFILM Corporation; GE Healthcare; Hitachi, Ltd.; Koninklijke Philips N.V.; Mindray Bio-Medical Electronics Co., Ltd.; Samsung Medison Co., Ltd.; Siemens; and Toshiba America Medical Systems, Inc.

Key players are focusing on developing strategic alliances in the form of partnerships or collaborations to develop new designs and expand their product portfolio. For instance, recently, GE Healthcare expanded its collaboration with SonoSim. This collaboration is aimed at enhancing education with respect to ultrasound among its users.

Elastography Imaging Market Report Scope

Report Attribute	Details
Market size value in 2020	USD 2.22 billion
Revenue forecast in 2026	USD 3.51 billion
Growth Rate	CAGR of 7.8% from 2019 to 2026
Base year for estimation	2018
Historical data	2015 - 2017
Forecast period	2019 - 2026
Quantitative units	Revenue in USD million and CAGR from 2019 to 2026
Report coverage	Revenue forecast, company share, competitive landscape, growth factors and trends
Segments covered	Modality, application, end-use, region
Regional scope	North America; Europe; Asia Pacific; Latin America; MEA
Country scope	U.S.; Canada; U.K.; Germany; France; Italy; Spain; China; India; Japan; Thailand; South Korea Mexico; Brazil; Colombia; Argentina; South Africa; Saudi Arabia; UAE
Key companies profiled	Canon Medical Systems Corporation; Esaote SpA; FUJIFILM Corporation; GE Healthcare; Hitachi, Ltd.; Koninklijke Philips N.V.; Mindray Bio-Medical Electronics Co., Ltd.; Samsung Medison Co., Ltd.; Siemens; Toshiba America Medical Systems, Inc.
Customization scope	Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs.Explore purchase options

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis on latest industry trends in each of the sub-segments from 2015 to 2026. For the purpose of this study, Grand View Research has segmented the global elastography imaging market report on the basis of modality, application, end-use, and region:

• Modality Outlook (Revenue, USD Million, 2015 - 2026)

  • Ultrasound

  • Magnetic Resonance

• Application Outlook (Revenue, USD Million, 2015 - 2026)

  • Radiology

  • Cardiology

  • Obstetrics

  • Urology

  • Vascular

  • Orthopedic and Musculoskeletal

  • Others

• End-use Outlook (Revenue, USD Million, 2015 - 2026)

  • Hospitals

  • Ambulatory Surgery Centers

  • Others

• Regional Outlook (Revenue, USD Million, 2015 - 2026)

  • North America

    • The U.S.

    • Canada

  • Europe

    • Germany

    • U.K.

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • Japan

    • India

    • Thailand

    • South Korea

  • Latin America

    • Brazil

    • Mexico

    • Argentina

    • Colombia

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

    • UAE